Focusing on a few specific areas of your finances is the best way to build up wealth. Here’s where you should be putting your attention:

Savings. At a bare minimum, you should be saving 10% of your income, and preferably more. These savings should be going towards an emergency fund and towards a retirement savings fund.

Investments. Investments are vital for wealth because they allow your money to grow much faster than cash can grow with savings alone. What you invest in matters less than the practice of investing intelligently. Research investment possibilities and invest in a small variety of investments that make sense to you.

Earning. You need to focus on increasing your income and investing or saving the difference in order to maximize your net worth.

Debt management. Paying down your personal loans, student loans, credit cards, payday loans, and other debts improves your credit score and makes your finances much healthier. With less debt, you have more money to enjoy and more money to save.